Trade Idea - MSFT
Chart courtesy of stockchartsMSFT shares was up more than 3.5% on Friday after reported a 65% surge in fiscal third-quarter profit thanks to sales of new products such as the Vista operating system. The technical chart show some resistance in the shares price to break 30.50$, the major resistance right now. Stock have already reached overbought conditions, so for me it's time to pause on the long side.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a nice weekend !!!
AC
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All. Have a nice weekend !!!
AC
Labels: MSFT
